The former school dropout built a retail empire that made him into the richest person in China in 2006.

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The richest place in China, it is also one where people can openly talk politics, rally against the government and choose a legislature in multiparty elections.

ECONOMIST: Annual soul-searching; secular decline

Most succeeded by either dominating the local market (most of the richest people in China now lead domestically-focused consumer goods, real estate or Internet companies), or assembling PCs, phones, components, tablets, printers or other gadgets designed by overseas firms.

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In his view, the biggest danger is that China becomes centralized and closed, as it did in 1400, when it was the richest country in the world.

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Huawei was founded by the reclusive millionaire Ren Zhengfei, ranked by Forbes as 245th richest person in China.

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You'd think that with double-digit industry sales growth in the first half of this year, China's richest retailers would have an easy time increasing their wealth from a year earlier on the new Forbes China Rich List.

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In China and India economic liberalization has come so recently that most of the richest folks are still quite young--and still focused on building their businesses.

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Mr Yang, said to be China's third-richest citizen, is believed to be in the United States.

ECONOMIST: UNresolved